News > India’s Lok Sabha polls near final phase: Financial markets brace for outcome

India’s Lok Sabha polls near final phase: Financial markets brace for outcome

If the BJP wins a stronger majority than in 2019, equity markets will rally in anticipation of growth-supportive economic policies, such as spending on infrastructure and a push for the manufacturing sector, said Rajesh Bhatia, chief investment officer of ITI Mutual Fund. Benchmark indices S&P Sensex and NSE Nifty 50 could rally 4-5% in this scenario, said Abhishek Goenka, founder of IFA Global, a forex consultancy and asset management firm.